OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit
Don’t doubt that OPEC doesn’t feel that way, either.
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March 10, 2008
Oil to stay high for rest of year
That’s the word from OPEC, which blames a mix of global oil-producing state tensions, speculation, and the economic inanity of the Bush Administration.
OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit$107/bbl change that, $108/bbl today. As I noted last week, if Big Ben Bernanke, The Worst Fed Head Since Greenspan™, rams through a 3/4 point rate cut next week, we will have $120/bbl oil.
Don’t doubt that OPEC doesn’t feel that way, either.
OPEC President Chakib Khelil said he thought the dollar would recover with the election of a new president, which would ease at least part of the upward pressure on oil prices, which hit
Don’t doubt that OPEC doesn’t feel that way, either.
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